Exactly. They have just started to use Bitcoin for the first time. You can't expect them to legalized all of the crypto at once. they will need first to experiment with Bitcoin how it affecting their economy.
Not as official currency, but in barter system that existed hundreds of years ago. Everything that has value is a commodity and a currency also. even now also we can use Bitcoin as commodity but not as a currency because we have to convert it in USD every time.
It is very possible to use it as a Currency because it is has a purchasing power despite that it is not stable and it can be used internationally.
But how will you decide the value of something if the currency itself is fluctuating too much. For example you are a shopkeeper and you are to sell apple for 20 satoshi. But the price of Satoshi slashed by 20% in one day. Your profit will convert to loss.
It is now your choice as a trader to it accept it or except the US dollars. It is also an option that if you accept it you convert it in mediately or you hold it if you think you have the intension of holding it.
I am not talking about option. I am talking about if what if I will transact through Bitcoin. For any currency it is a must that it should be stable. Fluctuating too much will damage the economy.
I believe they must have taking the volatile nature of cryptocurrencies into consideration and I want to believe that currently they won't enforce on people but those who already have the idea will pilot it because you and knows cryptocurrency value is not stable and it requires effort to enlighten people in it though it may be easier to bring in people when the market is pumping
It is very easy because the citizens can always convert every other coins to bitcoin and spend it freely so I don't think this will cause any issue.
Usdt can't be their legal tender because the country already use US dollars as their legal tender which has same value with USDT.
Yes providing it as a option is much better. Even if a wire also I should have the option to either pay my bills with cash or Bitcoin. It will take time to consider Bitcoin as a official legal tender.
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